OIIEX vs. KGIIX
OIIEX (Optimum International Fund) and KGIIX (Kopernik International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, OIIEX returned 9.54%/yr vs 9.24%/yr for KGIIX. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 1.04% expense ratio.
Performance
OIIEX vs. KGIIX - Performance Comparison
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Returns By Period
In the year-to-date period, OIIEX achieves a 13.90% return, which is significantly higher than KGIIX's 3.08% return. Both investments have delivered pretty close results over the past 10 years, with OIIEX having a 9.54% annualized return and KGIIX not far behind at 9.24%.
OIIEX
- 1D
- -2.97%
- 1M
- 0.84%
- YTD
- 13.90%
- 6M
- 14.12%
- 1Y
- 22.79%
- 3Y*
- 18.64%
- 5Y*
- 6.25%
- 10Y*
- 9.54%
KGIIX
- 1D
- -0.95%
- 1M
- -5.18%
- YTD
- 3.08%
- 6M
- 2.48%
- 1Y
- 23.63%
- 3Y*
- 17.03%
- 5Y*
- 7.84%
- 10Y*
- 9.24%
OIIEX vs. KGIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OIIEX Optimum International Fund | 13.90% | 25.99% | 8.41% | 17.37% | -23.04% | 8.52% | 12.57% | 19.60% | -13.98% | 30.46% |
KGIIX Kopernik International Fund | 3.08% | 54.97% | -7.01% | 13.86% | -14.05% | 16.62% | 18.94% | 16.37% | -6.24% | 10.50% |
Correlation
The correlation between OIIEX and KGIIX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.60 |
The correlation between OIIEX and KGIIX shifts across timeframes, from 0.50 (3 years) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
OIIEX vs. KGIIX — Risk / Return Rank
OIIEX
KGIIX
OIIEX vs. KGIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Optimum International Fund (OIIEX) and Kopernik International Fund (KGIIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OIIEX | KGIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.45 | -0.29 |
| Martin ratioReturn relative to average drawdown | 8.15 | 7.60 | +0.54 |
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Drawdowns
OIIEX vs. KGIIX - Drawdown Comparison
The maximum OIIEX drawdown since its inception was -58.10%, which is greater than KGIIX's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for OIIEX and KGIIX.
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Drawdown Indicators
| OIIEX | KGIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.10% | -27.81% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -10.13% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.64% | -13.58% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -27.81% | -9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -37.43% | -27.81% | -9.62% |
Current DrawdownCurrent decline from peak | -3.08% | -10.13% | +7.05% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -6.11% | -6.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.25% | -0.10% |
Volatility
OIIEX vs. KGIIX - Volatility Comparison
Optimum International Fund (OIIEX) has a higher volatility of 7.58% compared to Kopernik International Fund (KGIIX) at 3.80%. This indicates that OIIEX's price experiences larger fluctuations and is considered to be riskier than KGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OIIEX | KGIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 3.80% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 10.82% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 13.24% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 13.27% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 12.66% | +4.45% |
OIIEX vs. KGIIX - Expense Ratio Comparison
Both OIIEX and KGIIX have an expense ratio of 1.04%.
Dividends
OIIEX vs. KGIIX - Dividend Comparison
OIIEX's dividend yield for the trailing twelve months is around 1.23%, less than KGIIX's 13.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KGIIX Kopernik International Fund | 13.84% | 14.26% | 0.48% | 12.56% | 2.46% | 5.77% | 2.89% | 2.50% | 1.19% | 1.35% | 0.33% | 0.00% |
OIIEX Optimum International Fund | 1.23% | 1.40% | 1.62% | 1.37% | 3.08% | 15.53% | 3.16% | 2.10% | 8.98% | 2.06% | 1.16% | 0.80% |
Frequently Asked Questions
OIIEX and KGIIX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIIEX has higher volatility (7.58%) compared to KGIIX (3.80%). In terms of maximum drawdown, OIIEX dropped -58.10% vs KGIIX's -27.81%.
KGIIX currently has the higher Sharpe Ratio (1.88 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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